TECHNOLOGY TRENDS DOMINATING CTRM
Technology is changing faster than ever. The pace of change is making it hard to keep up and determine which technologies will drive value for your organization. Businesses today are dealing with extreme market volatility, tight margins, and a mandate to reduce operating expenses. At the same time, they must be able to respond quickly to changing market conditions and new opportunities to remain competitive. It is not surprising that so many organizations are stuck fighting fires and are not able to leverage new technologies for competitive advantage and cost optimization.
There are many technologies and trends in the market that are, and will have, a major impact in the commodities market space and the Commodity Trading & Risk Management (CTRM) systems used to manage commodity trading businesses. Organizations need to take a proactive approach to evaluate, manage, and implement new technologies to deliver the right types of value. But what are the right technologies to focus on?
There are technology trends that are in almost every industry and they are no different for CTRM systems. Why all the fuss? Because technology is enabling massive disruption in all industries. Those that have a plan to leverage new technologies will be the ones doing the disrupting instead of being disrupted. In this article I will highlight technology trends dominating CTRM and in future articles will provide practical advice on steps to take to harness the power of these technologies.
10 Technology Trends
Simply chasing the latest technology trend never delivers the business outcomes desired. The reality is that technology does not provide value to a business. Technology’s value comes from doing business differently because technology made it possible.
What are your thoughts on these technology trends and their impact to CTRM? Is there another item you think should be on the list? Email me directly firstname.lastname@example.org, I’d love to hear your thoughts.
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